The Impact of Facebook’s New Libra Crypto Currency on Crime and Crime Solving
Facebook is preparing to release a new crypto currency backed by commercial assets through a corporation in Switzerland. With over two billion followers, Facebook is strategically positioned to change the world of social media since it controls billions in ads, a soon-to-be dating site, and operates a legitimate site in the Dark Net. Equally important is their long-time use of artificial intelligence used to record over a billion users’ information including searches, location, and video and facial images. Using blockchain technology and 5G connections, Facebook stands to increase global online commerce exponentially as teens and adults from third world countries are introduced to online gaming and easy money schemes. The U.S. congress is expressing concerns over how it will affect U.S. currency and how to protect against global money laundering.
So what does all of this mean for the future of crimes and crime solving?
RESOURCES, LINKS and CASES:
- There’s a big problem with Facebook’s Libra cryptocurrency
- Why governments around the world are afraid of Libra, Facebook’s cryptocurrency
- Is Facebook Forming A Crypto Mafia as Libra Foundation Members Boost Each Other’s Businesses?
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